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[-] TheDemonBuer@lemmy.world 33 points 2 months ago* (last edited 2 months ago)

So yeah, I need serious "profit" just to break even.

That's a contradiction in terms. To break even is by definition not a profit. To make a profit, you need a surplus after you minus expenses from revenue. If landlords were content to just break even, I wouldn't necessarily have a problem with them. In fact, I think not-for-profit housing could go a long way in addressing the housing affordability crisis.

[-] shalafi@lemmy.world -1 points 1 month ago* (last edited 1 month ago)

Didn't word that well, agreed. But you need solid profit up front to backstop for emergencies and risk. I would be a one man, one house operation. I couldn't spread the risk around like a corporate landlord with 100 or 1,000 properties.

If landlords were content to just break even

After paying on the property, maintaining and improving it, I deserve no profit for my 20-years of labor?

Are you saying that workers should be content to merely break even for their labor? Your labor is worthy, but mine is not?

this post was submitted on 07 Aug 2024
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